I've used the
CCC with a RADEON 4870 for a long time and I've never had a problem with any version of SketchUp or CCC. All my settings are at the defaults. Pretty much just application preference, no overrides.
I did a search for "ARB functions NOT available" from your log. There's a lot of other threads. I read a few, you might want to read more of them.
Most point to the video driver, either the video card or the open GL driver.
Several messages said turn off hardware acceleration, if it works with it off it's the driver. Although, I don't see a setting with CCC.
You can also roll the driver back to the previous version.
I think going back to an older driver is the easiest way. At least that will see if it's the new driver.
Either through the device manger, [roll back driver] or do a system restore, or if you have an earlier setup file run it. Or uninstall the CCC control panel.
Hope this helps.